Thursday, 8 August 2013
Wednesday, 31 July 2013
Tuesday, 30 July 2013
Monday, 29 July 2013
Tuesday, 23 July 2013
Sunday, 21 July 2013
Wednesday, 17 July 2013
Monday, 15 July 2013
Sunday, 14 July 2013
Saturday, 13 July 2013
Thursday, 11 July 2013
Tuesday, 9 July 2013
Monday, 8 July 2013
Saturday, 6 July 2013
Switzerland Will Join Race to be Trading Hub for China's Yuan
Switzerland Will Join Race to Be Trading Hub for China’s Yuan
http://www.bloomberg.com/news/2013-07-06/switzerland-will-join-race-to-be-trading-hub-for-china-s-yuan.htmlFriday, 28 June 2013
Gold: Is the bad news over?
Commentary: Some say it has further to fall
http://www.marketwatch.com/story/gold-is-the-bad-news-over-2013-06-28?siteid=bigcharts&dist=bigcharts
Gold sees record quarterly plunge
Gold futures tumble 23% during the second quarter
http://www.marketwatch.com/story/gold-barrels-toward-steep-june-quarterly-declines-2013-06-28?siteid=bigcharts&dist=bigcharts
Thursday, 27 June 2013
When the China tide goes out: Andy Xie
http://www.marketwatch.com/story/when-the-china-tide-goes-out-andy-xie-2013-06-27?siteid=bigcharts&dist=bigcharts
Monday, 24 June 2013
Worsening Liquidity Situation Bites Interbank Market
http://english.caixin.com/2013-06-21/100544482.html
China cash squeeze exposes risks from short-term funding
http://www.bnn.ca/News/2013/6/21/China-cash-squeeze-exposes-risks-from-short-term-funding.aspx
PBOC Sees ‘Reasonable’ Liquidity in China’s Financial System
http://www.bloomberg.com/news/2013-06-24/china-central-bank-says-financial-system-liquidity-reasonable-.html
Gold Wagers Slump as $55 Billion Erased From Funds: Commodities
http://www.bloomberg.com/news/2013-06-23/gold-wagers-slump-as-54-billion-erased-from-funds-commodities.htmlSunday, 23 June 2013
7 ways to spot a market top
Key signals chart watchers use to find the peaks
http://www.marketwatch.com/story/7-ways-to-spot-a-market-top-2013-06-24?siteid=bigcharts&dist=bigcharts
Friday, 21 June 2013
China Signs Pact With Taiwan to Open Services Trade Sectors
http://www.bloomberg.com/news/2013-06-21/china-taiwan-services-pact-signals-warmer-ties-after-2010-deal.html
Minsky Moment Alarm Sounded in China by SocGen: Cutting Research
http://www.bloomberg.com/news/2013-06-20/minsky-moment-alarm-sounded-in-china-by-socgen-cutting-research.html
Thursday, 20 June 2013
New Model of Organic Farming Sprouts Up in Suburbs of Big Cities
http://english.caixin.com/2013-06-20/100543908.html
China miners suffer hangover after buying binge
http://www.marketwatch.com/story/china-miners-suffer-hangover-after-buying-binge-2013-06-21?siteid=bigcharts&dist=bigcharts
U.S. stocks extend tumble on Fed taper fears
Asian and European stocks sink, along with gold and Treasurys
http://www.marketwatch.com/story/us-stocks-fall-sharply-on-fed-taper-fears-2013-06-20?siteid=bigcharts&dist=bigcharts
China injects 50 billion yuan liquidity: report
http://www.marketwatch.com/story/china-injects-50-billion-yuan-liquidity-report-2013-06-20?link=MW_Nav_EP
Friday, 14 June 2013
China-EU deal could be game-changer: Andy Xie
Commentary: Trade agreement could boost China’s reforms
http://www.marketwatch.com/story/china-eu-deal-could-be-game-changer-andy-xie-2013-06-13?siteid=bigcharts&dist=bigchartsThursday, 13 June 2013
Hong Kong Chief Executive Pledges Property Curbs to Stay
http://www.bloomberg.com/news/2013-06-12/hong-kong-chief-executive-pledges-property-curbs-to-stay.html
Tuesday, 11 June 2013
Jim Rogers: Gold correction ain’t over, and Bernanke needs to quit
http://blogs.marketwatch.com/thetell/2013/05/31/jim-rogers-gold-needs-to-get-scary-and-bernanke-needs-to-quit/
Monday, 10 June 2013
George Soros is buying gold stocks aggressively...
http://www.youtube.com/watch?v=It6Ty8E8dBY&utm_source=All+Conference+Notifications&utm_campaign=d7caa5cfcb-WRIC_2013_Videos_Interviews&utm_medium=email&utm_term=0_6c2febb161-d7caa5cfcb-269926429The charts that have some worried over China
http://www.marketwatch.com/story/the-charts-that-have-some-worried-over-china-2013-06-10?siteid=bigcharts&dist=bigchartsWednesday, 5 June 2013
China Vanke Chairman Says Country Faces Risk of Home Bubble
http://www.bloomberg.com/news/2013-06-06/china-vanke-chairman-says-country-faces-risk-of-property-bubble.html
Tuesday, 4 June 2013
Buffett’s buying banks, but beware
Commentary: Berkshire’s bank investments are picky
http://www.marketwatch.com/story/buffetts-buying-banks-but-beware-2013-06-04?link=sfmwFriday, 31 May 2013
China’s weak economy will hit these stocks hardest
Commentary: Cars, commodities and consumer stocks vulnerable
http://www.marketwatch.com/story/chinas-troubles-will-hit-these-stocks-hardest-2013-05-20?siteid=bigcharts&dist=bigcharts
Banks to lend Shuanghui $7 billion for Smithfield deal
http://www.bnn.ca/News/2013/5/31/Banks-to-lend-Shuanghui-7-billion-for-Smithfield-deal.aspxChina’s Growing Ranks of Elderly Beset by Depression, Study Says
http://www.bloomberg.com/news/2013-05-31/china-s-growing-ranks-of-elderly-beset-by-depression-study-says.htmlWednesday, 29 May 2013
What gold, silver mining investors should do next
http://www.marketwatch.com/story/what-gold-silver-mining-investors-should-do-next-2013-05-24?siteid=bigcharts&dist=bigcharts
Zijin unit interested in 3 Barrick gold mines
http://www.marketwatch.com/story/zijin-unit-interested-in-3-barrick-gold-mines-2013-05-09?siteid=bigcharts&dist=bigcharts
Thursday, 23 May 2013
Most popular American brands in China
http://www.marketwatch.com/story/most-popular-american-brands-in-china-2013-05-23?siteid=bigcharts&dist=bigchartsWednesday, 22 May 2013
China manufacturing swings to contraction: HSBC
Stocks sell off across Asia and Australian dollar falls after data
http://www.marketwatch.com/story/china-manufacturing-swings-to-contraction-hsbc-2013-05-22?siteid=bigcharts&dist=bigchartsGold turns lower after Bernanke’s mixed QE signals
http://www.marketwatch.com/story/gold-edges-higher-ahead-of-bernankes-testimony-2013-05-22?siteid=bigcharts&dist=bigcharts
GLD
SPDR Gold Trust (ETF)
|
Bernanke: ‘Step down’ in QE could come soon
http://www.marketwatch.com/story/bernanke-premature-tightening-could-end-growth-2013-05-22?siteid=bigcharts&dist=bigchartsGold will not make a comeback
Commentary: There may be a bounce, but don’t expect a recovery
http://www.marketwatch.com/story/gold-will-not-make-a-comeback-2013-05-22?pagenumber=1Tuesday, 21 May 2013
You don’t think we’re in a bubble?
http://www.marketwatch.com/story/you-dont-think-were-in-a-bubble-2013-05-21?siteid=bigcharts&dist=bigchartsThe Path to a Sustainable Real Estate Market
Rapidly rising prices can't be contained by government measures. The solution lies in expanding supply and freeing the market
http://english.caixin.com/2013-05-17/100529313.html
An Investment Company Tries Its Hand at Farming
With consumers demanding safer foods, Legend Holdings saw premium fruits as an opportunity. Will they have the green thumb?
http://english.caixin.com/2013-05-21/100530802.html
Thursday, 16 May 2013
Facebook’s 1-year fight to regain IPO heat goes on
Wall Street likes social network, but few see stock returning to $38 soon
http://www.marketwatch.com/story/facebooks-improved-but-ipo-value-still-distant-2013-05-16?siteid=bigcharts&dist=bigchartsWednesday, 15 May 2013
HSBC to cull up to 14,000 more jobs in war on costs
http://www.bnn.ca/News/2013/5/15/HSBC-to-cull-up-to-14000-more-jobs-in-war-on-costs.aspxTuesday, 14 May 2013
BlackBerry unveils mid-tier phone, extends BBM
http://www.bnn.ca/News/2013/5/14/BlackBerry-unveils-the-Q5-keyboard-phone.aspxPimco Pares Risk on Bet Monetary Easing Distorts Markets
http://www.bloomberg.com/news/2013-05-14/pimco-pares-risk-on-view-monetary-easing-distorts-global-markets.htmlFacebook and ruined reputations
Commentary: A year later, did the Facebook IPO team pay a price?
http://www.marketwatch.com/story/facebook-and-ruined-reputations-2013-05-14?siteid=bigcharts&dist=bigchartsMonday, 13 May 2013
Bulls and Bears Clash over Future of Gold Prices
The first camp sees recent decline as an
adjustment after years of rally, but others say investors are gloomy
about economic recovery
http://english.caixin.com/2013-04-25/100520366.html
Graphics:Gold Consumption Jumps to Record High in Q1
Analysts expect that the country's consumption of gold will exceed 1,000 tons this year
http://english.caixin.com/2013-05-10/100526859.html
The Enduring Glow of Gold
A ripple of skepticism recently hit prices of the yellow metal, but gold remains the ultimate hedge on inflation
http://english.caixin.com/2013-05-06/100524196.html
China’s Investment Slows as Production Trails Estimates
Melting Ice Opens Fight Over Sea Routes for Arctic Debate
Gold Bears Pull $20.8 Billion as BlackRock Says Buy: Commodities
http://www.bloomberg.com/news/2013-05-12/gold-bears-pull-20-8-billion-as-blackrock-says-buy-commodities.htmlFriday, 10 May 2013
Here’s why copper has lost its indicator role
http://www.marketwatch.com/story/does-dr-copper-deserve-a-malpractice-suit-2013-03-22Dr. Copper may be telling us its ‘time to get out of equities’: Societe Generale
http://blogs.marketwatch.com/thetell/2013/05/03/dr-copper-may-be-telling-us-its-time-to-get-out-of-equities-societe-generale/Thursday, 9 May 2013
Buffett's Son Sees `Biggest Value' in Work With Dad
http://www.bloomberg.com/video/buffett-s-son-sees-biggest-value-in-work-with-dad-oSdwCVQyQt2gIy_VOEYfgg.htmlBuffett’s MidAmerican Plans $1.9 Billion of Wind Farms in Iowa
http://www.bloomberg.com/news/2013-05-08/buffett-s-midamerican-plans-1-9-billion-of-wind-farms-in-iowa.htmlBerkshire Sells Debt to Buyers Buffett Pities: Corporate Finance
http://www.bloomberg.com/news/2013-05-09/berkshire-sells-debt-to-buyers-buffett-pities-corporate-finance.htmlSouth Korea Joins India-to-Europe Rate Cuts for Growth: Economy
http://www.bloomberg.com/news/2013-05-09/south-korea-joins-australia-to-europe-rate-reductions-correct-.htmlDruckenmiller Recommends Betting Against Australian Dollar
http://www.bloomberg.com/news/2013-05-08/druckenmiller-recommends-betting-against-australian-dollar-1-.htmlWednesday, 8 May 2013
Tesla Motors shares rally after hours
http://www.marketwatch.com/story/news-corp-tesla-in-focus-after-hours-2013-05-08?siteid=bigcharts&dist=bigchartsGold looks set to recoup much of prior-day loss
http://www.marketwatch.com/story/gold-prices-edge-higher-after-selloff-2013-05-08?siteid=bigcharts&dist=bigchartsBillionaires Ackman, Einhorn and Paulson to pitch best ideas
http://blogs.marketwatch.com/thetell/2013/05/07/billionaires-ackman-einhorn-and-paulson-to-pitch-best-ideas/Gold may get a break if Paulson, other big funds are flushed out
http://blogs.marketwatch.com/thetell/2013/05/07/gold-may-get-a-break-if-paulson-other-big-funds-are-flushed-out/Stodgy Netherlands is nation that’ll blow up euro
Commentary: Overindebted Dutch heading deeper into recession
http://www.marketwatch.com/story/stodgy-netherlands-is-nation-thatll-blow-up-euro-2013-05-08?siteid=bigcharts&dist=bigchartsTuesday, 7 May 2013
Can investors oust Dimon as J.P. Morgan chairman?
Commentary: The bank’s performance tempers governance concerns
http://www.marketwatch.com/story/can-investors-oust-dimon-as-chairman-2013-05-07?siteid=bigcharts&dist=bigchartsS&P 500 must rally 25% to hit new high
Commentary: Next 10 years may disappoint
http://www.marketwatch.com/story/sp-500-must-rally-25-to-hit-new-high-2013-05-07?siteid=bigcharts&dist=bigchartsBarron's Thinks Investors Are Still Too Friendly Toward Facebook Shares
http://www.forbes.com/sites/abrambrown/2013/05/06/barrons-thinks-investors-are-still-too-friendly-toward-facebook-shares/Tuesday’s movers: Apple takes bite out of Einhorn
http://www.marketwatch.com/story/tuesdays-movers-fossil-baxter-international-2013-05-07?siteid=bigcharts&dist=bigchartsBloomberg Enlarge Image David Einhorn
$AAPL:
Apple
AAPL
-0.43%
shares slipped 0.8% after strong gains in the previous session. Einhorn said during Greenlight Capital Re’s
GLRE
+0.85%
conference call earlier Tuesday that the reinsurer lost money on Apple
in the first quarter but he still built up its position on Apple.
“The biggest problems for our Apple investment are disappointing earnings and a diminished forecast,” said Einhorn.
But the thesis remains that Apple has a terrific operating platform and
its loyal customer base will make repeated purchases of Apple products,
he said.
Einhorn also lauded the company for issuing debt and announcing it will return $100 billion to shareholders.
“We’ve added to our Apple position and now we wait for Apple’s next blockbuster product,” he said.
Einhorn is chairman of the board of Greenlight Capital Re and president of Greenlight Capital Inc.
Why Apple is a value stock, for now
Commentary: Next product cycle may not fuel enough buzz
http://www.marketwatch.com/story/why-apple-is-a-value-stock-for-now-2013-05-07?siteid=bigcharts&dist=bigchartsShoppers in Toronto stand in line for Apple's iPhone 4 in Toronto.
Apple shares juiced with ‘massive’ buyback
Stock up more than 13% on heavy volume since program announced
http://www.marketwatch.com/story/apple-shares-juiced-with-massive-buyback-2013-05-07?siteid=bigcharts&dist=bigcharts“I think the buyback’s about 75% of it,” Gene Munster of Piper Jaffray told MarketWatch of the recent share gains. “I think that’s getting investors to realize that it’s no longer trying to catch a falling knife.”
Brian Marshall of ISI Group told MarketWatch that the buyback, if done
evenly through 2015, works out to about 1.2% of the stock’s trading
volume each day, which he described simply as “massive.”
Ben Reitzes of Barclays Capital raised his price target on Apple’s
shares to $525 from $465 on Monday morning — barely two weeks after he
lowered it. He cited several factors in his note to clients, but added
that he hadn’t realized the “relief” the bigger buyback would bring.
“As a result, the buyback’s size may help the multiple a little more than we even thought a few weeks ago,” he wrote.
Munster of Piper Jaffray told MarketWatch that his clients are now
showing greater interest in Apple’s product cycle than in the stock’s
momentum.
“I think investors are starting to warm to the idea of investing in the product cycle over the next six quarters, he said.
“It is interesting that equity investors have a concern that Apple could
turn into Nokia while there are debt buyers for 30-year paper,” he
added, speaking of Apple’s $17 billion bond sale last week, which is
helping to finance the share buybacks and dividend.
Monday, 6 May 2013
Billionaire Buffett tells investors to not lose their heads when everyone’s excited
http://www.thestandard.com.hk/breaking_news_detail.asp?id=35717&icid=1&d_str=20130506
FED FORTUNES
The Federal Reserve's aggressive bond-buying program has helped stimulate the economy, but Buffett said it may be hard for the Fed to safely unload its US$3.4 trillion investment portfolio.
“It's a lot easier to buy things than it is to sell them,'' Buffett said.
The Fed has been buying US$85 billion a month in Treasurys and mortgage bonds to try to keep long-term borrowing rates down and get the economy moving.
Buffett said it's hard to predict what will happen when the Fed starts unloading bonds, but it's likely to be “very inflationary.''
“We really are in uncharted territory,'' Buffett said.
--AP
http://www.thestandard.com.hk/breaking_news_detail.asp?id=35717&icid=1&d_str=20130506
FED FORTUNES
The Federal Reserve's aggressive bond-buying program has helped stimulate the economy, but Buffett said it may be hard for the Fed to safely unload its US$3.4 trillion investment portfolio.
“It's a lot easier to buy things than it is to sell them,'' Buffett said.
The Fed has been buying US$85 billion a month in Treasurys and mortgage bonds to try to keep long-term borrowing rates down and get the economy moving.
Buffett said it's hard to predict what will happen when the Fed starts unloading bonds, but it's likely to be “very inflationary.''
“We really are in uncharted territory,'' Buffett said.
--AP
Euro zone downturn points to deeper recession
http://www.bnn.ca/News/2013/5/6/Euro-zone-downturn-points-to-deeper-recession.aspxIs 'Sell in May and Go Away' still relevant?
http://www.bnn.ca/News/2013/4/30/Sell-in-May-and-go-away-Pioneer-stock-pickers-son.aspxGold bug McEwen still sees $5,000 bullion
http://www.bnn.ca/News/2013/4/18/Gold-bull-McEwen-still-sees-5000-bullion.aspxOttawa to toughen rules for foreign investors
http://www.bnn.ca/News/2013/5/6/Ottawa-to-toughen-rules-for-foreign-investors.aspxCanadian housing: bursting bubble or gentle landing?
http://www.bnn.ca/News/2013/5/2/Canadian-housing-bursting-bubble-or-gentle-landing.aspxBlackBerry sales slowing: Canaccord
http://www.bnn.ca/News/2013/5/6/BlackBerry-sales-slowing-Canaccord.aspxBlackBerry Q10 sells strongly in Canada and Britain: analyst
http://www.bnn.ca/News/2013/5/3/BlackBerry-Q10-sells-strongly-in-Canada-and-Britain-analyst.aspxBuffett Ignores Gross’s New Normal, Pities Bond Investors
http://www.bloomberg.com/news/2013-05-06/buffett-ignores-grosses-new-normal-pities-bond-investors.htmlFriday, 3 May 2013
BlackBerry Q10 sells strongly in Canada and Britain: analyst
http://www.bnn.ca/News/2013/5/3/BlackBerry-Q10-sells-strongly-in-Canada-and-Britain-analyst.aspxBerkshire's Munger says takeover prices too high
http://www.bnn.ca/News/2013/5/3/Berkshires-Munger-says-takeover-prices-too-high.aspxChina Magazine Floats Idea of Selling Parts of Currency Reserves
Hong Kong Overheating Risk Seen by HKMA’s Chan as Debt Up
http://www.bloomberg.com/news/2013-05-03/hong-kong-overheating-risk-seen-by-hkma-s-chan-on-surging-debt.htmlBuffett Supports Dimon’s Dual Roles 100% at JPMorgan
Gross Sees New Normal Intact Amid 7.5% Unemployment: Tom Keene
AIG CEO Calls Buffett’s Remarks on Expansion Strange
http://www.bloomberg.com/news/2013-05-03/aig-ceo-calls-buffett-s-remarks-on-expansion-strange.htmlBuffett Bets on Business Insurance ‘Big Time’
Thursday, 2 May 2013
Manulife fourth-quarter profit tops $1 billion
http://www.marketwatch.com/story/manulife-fourth-quarter-profit-tops-1-billion-2013-02-07?siteid=bigcharts&dist=bigchartsVisa's results top estimates; shares gain
http://www.marketwatch.com/story/visas-results-top-estimates-shares-gain-2013-05-01?siteid=bigcharts&dist=bigchartsWarren Buffett joins Twitter, gains 1,000 followers a minute
http://www.bnn.ca/News/2013/5/2/Warren-Buffett-joins-Twitter.aspxWednesday, 1 May 2013
China manufacturing growth stalling: HSBC data
http://www.marketwatch.com/story/china-manufacturing-growth-stalling-hsbc-data-2013-05-01?siteid=bigcharts&dist=bigchartsRolling the dice on casino stocks
Commentary: There may be a winner in a beaten-down space.
http://www.marketwatch.com/story/rolling-the-dice-on-casino-stocks-2013-05-01?link=MW_story_insertCan fast-food stocks nourish investors’ returns?
Commentary: Americans like fast food. So should investors.
http://www.marketwatch.com/story/can-fast-food-stocks-nourish-investors-returns-2013-05-01?siteid=bigcharts&dist=bigchartsFed Seen Slowing Stimulus With QE Cut by End of This Year
Euro Lessons Unlearned as Blunders Mar Cyprus Rescue
http://www.bloomberg.com/news/2013-04-30/euro-lessons-unlearned-as-blunders-mar-cyprus-rescue.htmlBuffett Bear Adds Spice to Meeting as Rally Lulls Investors
http://www.bloomberg.com/news/2013-05-01/buffett-bear-adds-spice-to-meeting-as-rally-lulls-shareholders.htmlMonday, 29 April 2013
Gold ends higher on central-bank prospects
ECB, Fed meetings on tap; HSBC, UBS cut price forecasts
http://www.marketwatch.com/story/gold-futures-rebound-in-asia-as-dollar-weakens-2013-04-29?siteid=bigcharts&dist=bigchartsThursday, 25 April 2013
Starbucks profit up as Americas, Asia sales rise
http://www.marketwatch.com/story/starbucks-profit-up-as-americas-asia-sales-rise-2013-04-25?siteid=bigcharts&dist=bigchartsHigh Rents Changing Hong Kong's Retail Space
http://www.bloomberg.com/video/high-rents-changing-hong-kong-s-retail-space-rMzYjTLoRkqtg2jzk1ztmw.htmlGold Rout for Central Banks Buying Most Since 1964: Commodities
http://www.bloomberg.com/news/2013-04-24/gold-rout-for-central-banks-buying-most-since-1964-commodities.htmlWednesday, 24 April 2013
Affordable Fashion Surpasses Luxury in China
http://www.marketwatch.com/story/the-three-must-nots-in-china-amid-belt-tightening-2013-04-24?pagenumber=1China sets 10% profit target for state-owned firms
http://www.marketwatch.com/story/china-sets-10-profit-target-for-state-owned-firms-2013-04-24?siteid=bigcharts&dist=bigchartsThe three must-nots in China amid belt-tightening
http://www.marketwatch.com/story/the-three-must-nots-in-china-amid-belt-tightening-2013-04-24?siteid=bigcharts&dist=bigchartsApple targets, estimates cut by Wall Street
Analysts look past raised dividend to see later products, slowing sales
http://www.marketwatch.com/story/apple-margins-outlook-outweigh-cash-return-2013-04-24?siteid=bigcharts&dist=bigchartsApple needs new-product buzz to reignite stock
Commentary: Dividend, buyback unlikely to cut it with shareholders
http://www.marketwatch.com/story/apple-needs-product-buzz-to-re-ignite-stock-2013-04-24?siteid=bigcharts&dist=bigchartsEverything you ‘know’ about the Fed is wrong
Commentary: 5 misconceptions about the effects of QE and monetary policy
http://www.marketwatch.com/story/everything-you-know-about-the-fed-is-wrong-2013-04-24?siteid=bigcharts&dist=bigchartsDoes Apple’s dividend make it Microsoft 2.0?
Commentary: Income tech stocks aren’t for growth investors
http://www.marketwatch.com/story/does-apples-dividend-make-it-microsoft-20-2013-04-24?siteid=bigcharts&dist=bigchartsBe bullish on gold as long as chaos reigns
Commentary: Until the global economy is fixed, gold looks good
http://www.marketwatch.com/story/be-bullish-on-gold-as-long-as-chaos-reigns-2013-04-24?siteid=bigcharts&dist=bigchartsBarrick Gold CEO to shareholders: 'I feel your disappointment'
http://www.ctvnews.ca/business/barrick-gold-ceo-to-shareholders-i-feel-your-disappointment-1.1251504Bird Flu Strain Spreads as Taiwan Reports First Infection
http://www.bloomberg.com/news/2013-04-24/taiwan-finds-first-bird-flu-infection-outside-china-in-traveler.htmlTuesday, 23 April 2013
Yum China same-store sales down 13% in March
http://www.marketwatch.com/story/yum-china-same-store-sales-down-13-in-march-2013-04-10-184855043Apple’s lower margins cloud its payout hike
Commentary: Margins continue below 40% range may fuel concern
http://www.marketwatch.com/story/apples-lower-margins-cloud-its-payout-hike-2013-04-23?siteid=bigcharts&dist=bigchartsLululemon cut by RBC after executive departure
http://www.marketwatch.com/story/lululemon-cut-by-rbc-after-executive-departure-2013-04-04?siteid=bigcharts&dist=bigchartsYum China same-store sales down 13% in March
http://www.marketwatch.com/story/yum-china-same-store-sales-down-13-in-march-2013-04-10-184855043?siteid=bigcharts&dist=bigchartsFitch: Bird Flu Poses Risk to US Protein Processors, Restaurants
http://www.marketwatch.com/story/fitch-bird-flu-poses-risk-to-us-protein-processors-restaurants-2013-04-16?siteid=bigcharts&dist=bigchartsCoach profit rises as sales, margins improve
http://www.marketwatch.com/story/coach-profit-rises-as-sales-margins-improve-2013-04-23?siteid=bigcharts&dist=bigchartsTotal North American sales increased 7% to $792 million, and the region's same-store sales were up 1%. International sales rose 6% to $382 million. Sales in China, which Coach has made the cornerstone of its international strategy, climbed 40%. Sales were flat in Japan, on a constant-currency basis.
Coach jumps after it beats jittery expectations
http://www.marketwatch.com/story/coach-jumps-after-it-beats-jittery-expectations-2013-04-23?siteid=bigcharts&dist=bigchartsChina’s Recovery Falters as Manufacturing Growth Cools
http://www.bloomberg.com/news/2013-04-23/china-s-manufacturing-growth-slows-as-economic-recovery-falters.htmlChina Hot Market Without Profit Seen in Pretty Lady Card
Apple’s forecast to dominate earnings report
Wall Street sees weak iPhone, iPad sales ahead of new products
http://www.marketwatch.com/story/apples-forecast-to-dominate-earnings-report-2013-04-23?siteid=bigcharts&dist=bigchartsIs Apple souring retail investors on stocks?
Why the market’s rally isn’t raising investor confidence
http://www.marketwatch.com/story/is-apple-souring-retail-investors-on-stocks-2013-04-23?siteid=bigcharts&dist=bigchartsGoldman: It's time to close out those gold shorts
http://www.marketwatch.com/story/goldman-its-time-to-close-out-those-gold-shorts-2013-04-23?siteid=bigcharts&dist=bigchartsMonday, 22 April 2013
5 Apple charts you need to see before results
Solid history of beating forecasts, but gross margins are tightening
http://www.marketwatch.com/story/5-apple-charts-you-need-to-see-before-results-2013-04-22?siteid=bigcharts&dist=bigchartsoo much Apple and gold
Commentary: Why both investments dominate so many portfolios
http://www.marketwatch.com/story/too-much-apple-and-gold-2013-04-22?siteid=bigcharts&dist=bigchartsSunday, 21 April 2013
Friday, 19 April 2013
Heading off a China-style Subprime Mortgage Crisis
The risk from ballooning local government debt is
enormous, and to address this problem the government must learn to play
its proper role
http://english.caixin.com/2013-04-17/100515649.html
Gold reclaims $1,400, but takes a hit for the week
http://www.marketwatch.com/story/gold-reclaims-1400-but-takes-a-hit-for-the-week-2013-04-19?siteid=bigcharts&dist=bigchartsThe Boston bombing and ‘black swans’
Commentary: Role of risk in our lives is little understood
http://www.marketwatch.com/story/the-boston-bombing-and-black-swans-2013-04-19?siteid=bigcharts&dist=bigchartsThursday, 18 April 2013
Why I’m no longer an Apple bear
http://www.marketwatch.com/story/why-im-no-longer-an-apple-bear-2013-04-18?siteid=bigcharts&dist=bigcharts
China is repeating Japan’s economic mistakes
Commentary: Wasteful investment and spending stunts growth
http://www.marketwatch.com/story/china-is-repeating-japans-economic-mistakes-2013-04-18?siteid=bigcharts&dist=bigchartsWednesday, 17 April 2013
Beware the Transports’ weakness
Commentary: A potential Dow Theory non-confirmation brewing
http://www.marketwatch.com/story/beware-the-transports-weakness-2013-04-17?siteid=bigcharts&dist=bigchartsWhy apple dipped below $400 and what to do now
http://www.marketwatch.com/story/why-apple-dipped-below-400-and-what-to-do-now-2013-04-17?siteid=bigcharts&dist=bigchartsEurope faces threat of full-fledged depression
Data taking turn for the worse, a likely black eye for earnings
http://www.marketwatch.com/story/europe-faces-threat-of-full-fledged-depression-2013-04-17?siteid=bigcharts&dist=bigchartsIs the end of the bull run near?
Pimco’s Mohamed El-Erian speaks with WSJ’s Francesco Guerrera about whether or not we are seeing the end of the bond bull run.Tuesday, 16 April 2013
Gold ends higher after 2-session drop of over $200
Exchange operator raises collateral requirements for trading gold
http://www.marketwatch.com/story/gold-adds-to-losses-cme-hikes-margins-2013-04-16?pagenumber=1
The bounce was “weak and gold bulls are badly shaken,” said Vedant
Mimani, lead portfolio manager of the Atyant Capital Global
Opportunities Fund.
“But this is typical action for gold and why old hands say gold comes
down an elevator and goes up a set of stairs,” he said. “It will take
some time for gold to stabilize and for buyers to regroup.”
6 reasons for gold’s massive selloff: HSBC
http://blogs.marketwatch.com/thetell/2013/04/16/6-reasons-for-golds-massive-selloff-hsbc/Tumbling gold prices add to miners’ miseries
http://www.bnn.ca/News/2013/4/15/Tumbling-gold-prices-add-to-miners-miseries.aspxGold Fall an Opportunity for Central Banks to Buy, Cabraal Says
Gold Miners Approaching $1,300 Pain Threshold
http://www.bloomberg.com/news/2013-04-16/gold-miners-approaching-1-300-pain-threshold.htmlGold’s fair value is $800 an ounce
Commentary: What price is justified by gold’s fundamentals?
http://www.marketwatch.com/story/golds-fair-value-is-800-an-ounce-2013-04-16?siteid=bigcharts&dist=bigchartsMonday, 15 April 2013
Currency ‘debasement’ not panning out for gold bugs
http://blogs.marketwatch.com/thetell/2013/04/15/currency-debasement-not-panning-out-for-gold-bugs/With capitulation selling, is it time to think about a rebound for gold?
http://blogs.marketwatch.com/thetell/2013/04/15/with-capitulation-selling-is-it-time-to-think-about-a-rebound-for-gold/How low can gold and silver go?
http://www.marketwatch.com/story/how-low-can-gold-and-silver-go-2013-04-15?siteid=bigcharts&dist=bigchartsGold plummets, but not at jewelry store
Why the commodity’s decline hasn’t translated into deals on necklaces
http://www.marketwatch.com/story/gold-plummets-but-not-at-jewelry-store-2013-04-15?siteid=bigcharts&dist=bigchartsWhy Chinese domain names may fuel disputes
The Internet’s governing body of domain names said it would roll out Chinese character options for top-level domains in the second half of 2013.http://www.marketwatch.com/story/poor-2012-prompts-soul-searching-at-chinas-zte-2013-04-14?siteid=bigcharts&dist=bigcharts
China indoor pollution more toxic than outside
As China struggles with air pollution, some believe the air inside is just as badhttp://www.marketwatch.com/story/another-china-businessman-in-sichuan-probed-2013-04-14?siteid=bigcharts&dist=bigchartsGold falls sharply; copper hit after China data
http://www.marketwatch.com/story/gold-falls-sharply-copper-hit-after-china-data-2013-04-15?siteid=bigcharts&dist=bigchartsOil below $89 as China deepens demand worries
http://www.marketwatch.com/story/oil-below-89-as-china-data-deepen-demand-worries-2013-04-15?siteid=bigcharts&dist=bigchartsChina economic data disappoint, slamming stocks
http://www.marketwatch.com/story/china-economic-data-disappoint-slamming-stocks-2013-04-14?siteid=bigcharts&dist=bigchartsThursday, 11 April 2013
List of Charities and Organizations supported
Doctors Without Borders/Médecins Sans Frontières (MSF)
http://www.doctorswithoutborders.org/
Toronto General Hospital
http://www.uhn.ca/applications/TGH/iNews/default.aspx
WWF Global
http://wwf.panda.org/
Earth Hour
http://www.earthhour.org/
MEC
http://www.mec.ca/Main/home.jsp
TD Friends of the Environment Foundation (TD FEF)
http://tdfef.com/
Doctors Without Borders/Médecins Sans Frontières (MSF)
http://www.doctorswithoutborders.org/
Toronto General Hospital
http://www.uhn.ca/applications/TGH/iNews/default.aspx
WWF Global
http://wwf.panda.org/
Earth Hour
http://www.earthhour.org/
MEC
http://www.mec.ca/Main/home.jsp
TD Friends of the Environment Foundation (TD FEF)
http://tdfef.com/
Energy stocks gain; First Solar up 46%
http://www.marketwatch.com/story/energy-stocks-gain-chevron-allowed-back-to-brazil-2013-04-09?siteid=bigcharts&dist=bigchartsCurrency war is hell on emerging markets
Commentary: No winners as Japan’s yen moves risk retaliation
http://www.marketwatch.com/story/currency-war-is-hell-on-emerging-markets-2013-04-11?siteid=bigcharts&dist=bigcharts
Wednesday, 10 April 2013
Bank of Japan Joins Fed, ECB in Record Stimulus
By Brendan Murray & Scott Lanman -
Apr 5, 2013 10:10 AM ET
http://www.bloomberg.com/news/2013-04-05/bank-of-japan-joins-fed-ecb-in-record-stimulus.html
Spring lull a pause, says top forecaster Jones
Seven-time contest winner confident growth will accelerate
http://www.marketwatch.com/story/spring-lull-a-pause-says-top-forecaster-jones-2013-04-10?siteid=bigcharts&dist=bigchartsTuesday, 9 April 2013
China posts surprise trade deficit for March
http://www.marketwatch.com/story/china-posts-surprise-trade-deficit-for-march-2013-04-09-231032556?siteid=bigcharts&dist=bigcharts
Critical Warning No. 13: Stockman’s ‘Apocalypse’
Commentary: If this sounds like advice to get out, it is
http://www.marketwatch.com/story/critical-warning-no-13-stockmans-apocalypse-2013-04-06Lessons from the J.C. Penney disaster
Commentary: In retail, the customer rules
http://www.marketwatch.com/story/lessons-from-the-jc-penney-disaster-2013-04-09?siteid=bigcharts&dist=bigchartsCommodities are usually good economic indicators – just not right now, says UBS
April 5, 2013, 2:24 PM
http://blogs.marketwatch.com/thetell/2013/04/05/commodities-are-usually-good-economic-indicators-just-not-right-now-says-ubs/
Sunday, 7 April 2013
George Soros tempers praise for Beijing with warning on risks
http://www.scmp.com/news/china/article/1208805/interview-george-sorosIMF’s Lagarde backs Bank of Japan’s new easing
http://www.marketwatch.com/story/imfs-lagarde-backs-bank-of-japans-new-easing-2013-04-07?siteid=bigcharts&dist=bigchartsEurope warns Portugal over austerity measures
http://www.marketwatch.com/story/europe-warns-portugal-over-austerity-measures-2013-04-07?siteid=bigcharts&dist=bigchartsFriday, 5 April 2013
Why gold fell this week and what to do next
Analysts explain gold’s plunge, offer a long-term outlook and advice
http://www.marketwatch.com/story/why-gold-fell-this-week-and-what-to-do-next-2013-04-05?siteid=bigcharts&dist=bigcharts
Gold rallies for the day, drops 1.2% on week
Employment numbers pressure the dollar, U.S. equities
http://www.marketwatch.com/story/gold-futures-dip-ahead-of-us-jobs-report-2013-04-05?siteid=bigcharts&dist=bigcharts
U.S. dollar drops after weak jobs report
http://www.marketwatch.com/story/yen-extends-losses-on-japans-monetary-easing-2013-04-04?siteid=bigcharts&dist=bigchartsOil drops, set for 5% weekly loss after jobs data
Oil at $80s price level ‘more probable than a week ago’, analyst says
http://www.marketwatch.com/story/oil-slips-as-markets-await-us-job-data-2013-04-05?siteid=bigcharts&dist=bigchartsNo QE tapering this year seen after weak jobs data
http://www.marketwatch.com/story/no-qe-tapering-this-year-seen-after-weak-jobs-data-2013-04-05?siteid=bigcharts&dist=bigcharts
Thursday, 4 April 2013
Stocks steady as Japan plans stimulus
Weekly jobless claims climb to four-month high
April 4, 2013, 1:36 p.m. EDThttp://www.marketwatch.com/story/us-stocks-rise-on-bank-of-japan-easing-plan-2013-04-04?siteid=bigcharts&dist=bigcharts
Mom and pop: The world’s worst investors
Commentary: They buy high, sell low, and the ending is predictable
April 4, 2013, 10:17 a.m. EDThttp://www.marketwatch.com/story/mom-and-pop-the-worlds-worst-investors-2013-04-04?siteid=bigcharts&dist=bigcharts
Apple-China showdown: A test case for both sides
Commentary: Chinese government has strong power over tech markets
April 4, 2013, 7:01 a.m. EDThttp://www.marketwatch.com/story/apple-china-showdown-a-test-case-for-both-sides-2013-04-04?siteid=bigcharts&dist=bigcharts
Wednesday, 3 April 2013
Happy 40th birthday, cellphone!
http://www.marketwatch.com/story/happy-40th-birthday-cellphone-2013-04-03?siteid=bigcharts&dist=bigcharts
Tuesday, 2 April 2013
Nasdaq falls 10% after eSpeed acquisition
http://www.marketwatch.com/story/nasdaq-falls-95-after-espeed-acquisition-2013-04-02?siteid=bigcharts&dist=bigchartsMonday, 1 April 2013
Copper, gold and the Cyclical Fold
April 1, 2013, 11:41 a.m. EDThttp://www.marketwatch.com/story/copper-gold-and-the-cyclical-fold-2013-04-01?siteid=bigcharts&dist=bigcharts
Warren Buffett's high upside potential picks
http://www.marketwatch.com/story/warren-buffetts-high-upside-potential-picks-
2013-04-01?siteid=bigcharts&dist=bigcharts
April 1, 2013, 12:26 p.m. EDT
S&P 500 is setting up a trap door
April 1, 2013, 10:29 a.m. EDThttp://www.marketwatch.com/story/sp-500-is-setting-up-a-trap-door-2013-04-01?siteid=bigcharts&dist=bigcharts
Ford is ready to step on the gas
Commentary: Ford could be the big winner in the sector.
http://www.marketwatch.com/story/ford-is-ready-to-step-on-the-gas-2013-04-01?siteid=bigcharts&dist=bigcharts
7 reasons Cyprus is more important than you think
Commentary: This is a dangerous way to deal with a crisis
April 1, 2013, 12:12 p.m. EDThttp://www.marketwatch.com/story/is-cyprus-more-important-than-you-think-2013-04-01?siteid=bigcharts&dist=bigcharts
Sunday, 31 March 2013
China manufacturing picks up modestly
http://www.marketwatch.com/story/china-manufacturing-picks-up-modestly-2013-03-31?siteid=bigcharts&dist=bigcharts
Why China wants to eat Apple
Commentary: Handset standoff with China Mobile spurs spat
http://www.marketwatch.com/story/why-china-wants-to-eat-apple-2013-03-31?siteid=bigcharts&dist=bigcharts
Saturday, 30 March 2013
Some Cyprus depositors facing hefty losses
http://www.marketwatch.com/story/some-cyprus-depositors-facing-hefty-losses-2013-03-30?siteid=bigcharts&dist=bigcharts
Friday, 29 March 2013
$how us your asana!
Yoga-refund furor
- By BETH DEFALCO
- Last Updated: 4:54 PM, March 27, 2013
- Posted: 1:28 AM, March 26, 2013
http://www.nypost.com/p/news/national/how_us_your_asana_lRnwqI1P2GqzURYztlcUJO
Thursday, 28 March 2013
S&P 500 record to test market momentum
After flirting all month, index sets new closing high of 1,569.19
March 28, 2013, 4:36 p.m. EDThttp://www.marketwatch.com/story/sp-500-record-to-test-market-momentum-2013-03-28?siteid=bigcharts&dist=bigcharts
Cyprus capital controls could blow the euro apart
Two-tier currency flies in face of economic and monetary union
March 28, 2013, 2:42 p.m. EDThttp://www.marketwatch.com/story/cyprus-capital-controls-could-blow-the-euro-apart-2013-03-28?siteid=bigcharts&dist=bigcharts
5 charts about BlackBerry
March 28, 2013, 1:25 p.m. EDThttp://www.marketwatch.com/story/5-charts-about-blackberry-2013-03-28?siteid=bigcharts&dist=bigcharts
This popular mutual fund type is losing you money
Commentary: Global funds leave 2% of your gains on the table
March 28, 2013, 1:32 p.m. EDThttp://www.marketwatch.com/story/this-popular-mutual-fund-type-is-costing-you-money-2013-03-28?siteid=bigcharts&dist=bigcharts
BlackBerry has a long way to go
Commentary: Don’t overlook the subscriber losses
March 28, 2013, 11:15 a.m. EDThttp://www.marketwatch.com/story/blackberry-has-a-long-way-to-go-2013-03-28?siteid=bigcharts&dist=bigcharts
Cyprus’s Banks Open After Two Weeks as Controls Curb Panic
By Tom Stoukas, Maria Petrakis & Marcus Bensasson -
Mar 28, 2013 12:20 PM ET
http://www.bloomberg.com/news/2013-03-27/cypriot-banks-to-open-for-first-time-in-2-weeks-with-cash-curbs.html
Wednesday, 27 March 2013
TMX Listed Company Directory
http://www.tmx.com/TMX/HttpController?GetPage=ListedCompaniesViewPage&Market=T&Language=en
Staff changes must not stall China market reforms
March 27, 2013, 10:08 p.m. EDThttp://www.marketwatch.com/story/staff-changes-must-not-stall-china-market-reforms-2013-03-27?siteid=bigcharts&dist=bigcharts
Conflict in China over private equity funds
March 27, 2013, 10:09 p.m. EDThttp://www.marketwatch.com/story/conflict-in-china-over-private-equity-funds-2013-03-27?siteid=bigcharts&dist=bigcharts
An ‘I told you so’ moment for early Apple bear
Has Apple analyst Edward Zabitsky finally been proven right?
March 27, 2013, 11:06 a.m. EDThttp://www.marketwatch.com/story/an-i-told-you-so-moment-for-early-apple-bear-2013-03-27?siteid=bigcharts&dist=bigcharts
After Cyprus, euro zone will slip into depression
Commentary: Three big problems with the Cyprus ‘rescue’
March 27, 2013, 6:01 a.m. EDThttp://www.marketwatch.com/story/after-cyprus-euro-zone-will-slip-into-depression-2013-03-27
BlackBerry under the gun to make its numbers
Intense focus on Z10 shipments expected in Thursday’s results
March 27, 2013, 10:35 a.m. EDThttp://www.marketwatch.com/story/blackberry-under-the-gun-to-make-its-numbers-2013-03-27
Cyprus Capital Controls First in EU Could Last Years
By Yalman Onaran -
Mar 27, 2013 9:56 AM ET
http://www.bloomberg.com/news/2013-03-27/cyprus-capital-controls-first-in-eu-could-last-years.html
Moynihan Says He’d Like Being BofA Chief Rest of His Life
By Hugh Son -
Mar 27, 2013 9:50 AM ET
http://www.bloomberg.com/news/2013-03-27/moynihan-says-he-d-like-to-be-bofa-chief-rest-of-his-life.html
BRICS Approve Currency Fund as Bank Start-Up Stalls
By Franz Wild, Arnaldo Galvao & Ilya Arkhipov -
Mar 27, 2013 9:43 AM ET
http://www.bloomberg.com/news/2013-03-27/brics-approve-currency-fund-as-bank-start-up-stalls.html
Tuesday, 26 March 2013
The Handy-Dandy Investors Crash Loss Calculator
March 27, 2013, 12:02 a.m. EDThttp://www.marketwatch.com/story/the-handy-dandy-investors-crash-loss-calculator-2013-03-27?siteid=bigcharts&dist=bigcharts
Is market timing dead?
Commentary: What the market timing popularity cycle is telling us
March 26, 2013, 8:31 a.m. EDThttp://www.marketwatch.com/story/is-market-timing-dead-2013-03-26?siteid=bigcharts&dist=bigcharts
Li Ka-shing Backs Hong Kong Property Curbs as Transactions Fall
By Kelvin Wong & Fion Li -
Mar 26, 2013 12:00 PM ET
http://www.bloomberg.com/news/2013-03-26/li-ka-shing-backs-hong-kong-property-curbs-as-transactions-fall.html
A Lack Of Lineups Is Normal For BlackBerry: Business As Usual
Mar 26 2013http://seekingalpha.com/article/1300971-a-lack-of-lineups-is-normal-for-blackberry-business-as-usual
Conspiracy Theory... BlackBerry?
Mar 25 2013http://seekingalpha.com/article/1299831-conspiracy-theory-blackberry
The Japanese Are Stashing Cash
March 26 (Bloomberg)http://www.bloomberg.com/video/the-japanese-are-stashing-cash-JXtXIZzURjewrth3v~d4tw.html
Warren Buffett Violates His 'Ham Sandwich' Principle With Goldman Deal
Mar 26 201http://seekingalpha.com/article/1302151-warren-buffett-violates-his-ham-sandwich-principle-with-goldman-deal
Where Soros Is Putting His Money
MarketWatch's Laura Mandaro discusses five stocks that billionaire George Soros has recently invested in. (Photo: AP)http://www.marketwatch.com/story/oil-prices-higher-after-durable-goods-data-2013-03-26?siteid=bigcharts&dist=bigcharts
Monday, 25 March 2013
Google's big plans for Myanmar
Google Executive Chairman Eric Schmidt visits Myanmar with an eye toward developing the country’s telecommunications sector.http://www.marketwatch.com/story/asia-stocks-rally-on-reported-cyprus-deal-2013-03-24?siteid=bigcharts&dist=bigcharts
Friday, 22 March 2013
Nike jumps 11%, lifting shares in athletic sector
March 22, 2013, 9:56 a.m. EDThttp://www.marketwatch.com/story/nike-jumps-11-lifting-shares-in-athletic-sector-2013-03-22?siteid=bigcharts&dist=bigcharts
What will actually happen if Cyprus deal fails?
If
Cyprus fails to reach a bailout agreement by Monday it could trigger a
serious run on the country's banks, eventually leading to an exit from
the euro zone, Commerzbank analysts write.
http://stream.marketwatch.com/story/cyprus-bank-bailout/SS-4-25845/SS-4-26419/?mod=mw_streaming_cyprus-bank-bailout
Lululemon Faces Latest Setback
Wendy Bounds and Andria Cheng discuss a recall of yoga pants from Lululemon, and Julie Jargon looks at Starbucks's first company-owned coffee farm. Photo: AP.http://www.marketwatch.com/story/tiffanys-challenges-behind-share-sparkle-2013-03-22?siteid=bigcharts&dist=bigcharts
Thursday, 21 March 2013
Nike eases worry on North America, China
March 21, 2013, 5:38 p.m. EDThttp://www.marketwatch.com/story/nike-eases-worry-on-north-america-china-2013-03-21?mod=wsj_share_tweet
Can app help you invest like a billionaire?
iBillionaire tracks money moves by Buffett, Einhorn and others
March 21, 2013, 4:43 p.m. EDThttp://www.marketwatch.com/story/can-app-help-you-invest-like-a-billionaire-2013-03-21?siteid=bigcharts&dist=bigcharts
U.S. stocks suffer biggest drop in nearly a month
Disappointing earnings from software maker Oracle hit tech shares
March 21, 2013, 4:42 p.m. EDThttp://www.marketwatch.com/story/us-stocks-retreat-as-technology-sector-hit-2013-03-21?siteid=bigcharts&dist=bigcharts
BlackBerry Z10 hits U.S. ahead of key report
New smartphone goes on sale Friday; quarterly results next week
March 21, 2013, 6:06 p.m. EDThttp://www.marketwatch.com/story/blackberry-z10-hits-us-ahead-of-key-report-2013-03-21?siteid=bigcharts&dist=bigcharts
Facebook Targeted in U.S. as Asian Chat App Line Invades
By Jungah Lee & Takashi Amano -
Mar 21, 2013 6:13 AM ET
http://www.bloomberg.com/news/2013-03-21/facebook-targeted-in-u-s-as-asian-chat-app-line-invades.html
Euro may be doomed whether Cyprus stays or goes
Commentary: No one can now trust Brussels, or Berlin
March 21, 2013, 11:38 a.m. EDThttp://www.marketwatch.com/story/euro-may-be-doomed-whether-cyprus-stays-or-goes-2013-03-21?siteid=bigcharts&dist=bigcharts
Major Chinese solar company goes bankrupt
By Charles Riley @CNNMoney March 21, 2013: 4:41 AM EThttp://money.cnn.com/2013/03/21/news/suntech-solar-bankruptcy/index.html
Suntech employees at work in China.
HONG KONG (CNNMoney)
Turn out the lights.
China's Suntech Power has put its largest subsidiary into bankruptcy, a casualty of rampant oversupply in the solar industry and punishing sanctions levied on Chinese panel producers.Declining prices for solar products and global trade spats have taken a toll on the nascent solar industry in recent years, leading to the failure of several firms heavily dependent on government support.
Parent company Suntech Power (STP), listed on the New York Stock Exchange, will not file for bankruptcy. But the company's share price is now trading around 60 cents, down from $50 in 2008. Wuxi accounts for about half Suntech's 20,000 employees.
A group of eight Chinese banks petitioned a court in Jiangsu Province on Wednesday in an effort to push Wuxi Suntech into bankruptcy, and the subsidiary said it would not object.
Last week, the company missed a payment on $541 million in debt, and the company's CEO said he was exploring strategic alternatives. According to state-run news agency Xinhua, the company owes nine creditor banks a total of $1.2 billion.
Suntech announced last week it was closing a manufacturing center in Goodyear, Arizona, costing 43 workers their jobs.
"These are the growing pains of a maturing industry," E.L McDaniel, managing director of Suntech America, said at the time. "Though it's a tough time to be a solar manufacturer, there's never been a better time to be a solar customer."
Related story: Solar power has record year despite bankruptcies
China's solar manufacturers maintain close ties to the state, and have been hammered in recent years as demand for solar panels has lagged far behind supply. Yet they continued to receive favorable treatment from the government in the form of bank loans.
Many of China's solar firms used the loan money to increase production, even as they haemorrhaged cash.
Related story: Why China is losing the solar war
There is still a chance that government intervention will save Wuxi Suntech, with the most likely suitor being Wuxi Guolian, a development company backed by the local government.
The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels last year, after finding that Chinese solar cell manufacturers were "dumping" their products on the American market below production costs.
The issue divided the U.S. solar industry, with some manufacturers complaining that Chinese trade practices were driving prices down artificially and smothering U.S. production.
U.S. manufacturer Solyndra became the highest-profile victim of plunging panel prices in 2011, forced to file for bankruptcy despite receiving $535 million in federal loan guarantees.
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